Streetbeat News

PGRE

Paramount Group, Inc.

Industry

REIT - Office

Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

Open

5.22

Mkt cap

1.1B

Volume

748K

High

5.29

P/E Ratio

-5.24

52-wk high

5.92

Low

5.20

Div yield

0.02

52-wk low

4.06

Paramount Global's Q3 earnings exceeded expectations, but the company experienced a year-over-year decline in revenues. The results highlight challenges in affiliate and content-licensing revenues, despite strong growth in Paramount+ adoption.

Portfolio Pulse from

November 08, 2024 | 6:00 pm

Paramount Co-CEO Chris McCarthy expressed confidence in Paramount+'s ability to remain a standalone service during the third-quarter earnings call, indicating no current need for a strategic partner.

Portfolio Pulse from

November 08, 2024 | 5:15 pm

Paramount Global (NASDAQ:PARA) held its Q3 2024 earnings conference call on November 8, 2024. Key company participants included Jaime Morris, Brian Robbins, Chris McCarthy, George Cheeks, and Naveen Chopra. Analysts from Morgan Stanley, Deutsche Bank, LightShed Partners, Wells Fargo, Guggenheim, and Goldman Sachs participated in the call.

Portfolio Pulse from

November 08, 2024 | 4:45 pm

Paramount Global-B (PARA) released its Q3 earnings, providing insights into its revenue and EPS performance. Investors should consider how these metrics compare to Wall Street estimates and the previous year's figures.

Portfolio Pulse from

November 08, 2024 | 4:00 pm

Paramount Global-B (PARA) reported Q3 earnings of $0.49 per share, surpassing the Zacks Consensus Estimate of $0.24 and last year's $0.30 per share.

Portfolio Pulse from

November 08, 2024 | 2:30 pm

Paramount Global (PARAA) reported Q3 earnings of $0.49 per share, surpassing the Zacks Consensus Estimate of $0.40 per share and improving from $0.30 per share a year ago.

Portfolio Pulse from

November 08, 2024 | 2:30 pm

Paramount's earnings fell short of estimates due to weak film and TV revenue, despite gains in streaming. The company anticipates completing its merger with Skydance by the first half of 2025.

Portfolio Pulse from

November 08, 2024 | 1:45 pm

Paramount's earnings report highlights growth in its streaming segment, leading to a rise in its stock price. Despite this, the company's shares have fallen 22% this year, underperforming the S&P 500, which has risen 25%.

Portfolio Pulse from

November 08, 2024 | 1:30 pm

Paramount Global announced its third quarter earnings results for the period ending September 30, 2024.

Portfolio Pulse from

November 08, 2024 | 12:15 pm

Paramount Global reported a 6% decline in Q3 revenues to $6.73 billion, despite adding 3.5 million streaming subscribers and increasing adjusted earnings per share to 49 cents. The company highlights subscription growth and cost reductions as positive indicators.

Portfolio Pulse from

November 08, 2024 | 12:15 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.